MarketWatch, an online DowJones site, has an commentary by Kevin Kerr, Cotton ready to run higher. Commentary: As farmers opt for corn, cotton will climb
The general consensus is that many farmers are switching out of less profitable crops like cotton and rice and moving into the lucrative corn market, which has benefited from the ethanol boom.
So, the cotton we crave just might be outplaced by the green clean air we require, if the ethanol business is going to grow on corn rather than a cellouic based ethanol like that derived from hemp.
A dear friend many of us sewing bloggers know wrote that her father, living in farm country, predicted last Spring that there wouldn’t be any cotton planted if the ethanol of choice was going to be based on corn.
Looks like he sure might know a thing or two. (A tip of the hat to he who pays attention!)
And still the US awaits the answer to the question: when will China want the hundreds of thousands of cotton bales we are holding for them???
And who can really understand all these world-wide shenanigans? Not I! Although I do try. Really. 🙂